ASR Vermogensbeheer N.V. Has $61.60 Million Stock Holdings in S&P Global Inc. $SPGI

Key Points

• ASR Vermogensbeheer N.V. reduced its stake in S&P Global Inc. by 2.5%, ending the second quarter with holdings valued at approximately $61.60 million.
• Several analysts have raised their price targets for S&P Global stock, with UBS and Citigroup setting targets at $620 and $635, respectively, while the current consensus price target is $614.46.
• S&P Global recently announced a quarterly dividend of $0.96, with a payout ratio of 29.54%, reflecting a yield of 0.8%.

ASR Vermogensbeheer N.V. reduced its holdings in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 2.5% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 116,821 shares of the business services provider's stock after selling 2,996 shares during the period. S&P Global comprises about 0.8% of ASR Vermogensbeheer N.V.'s investment portfolio, making the stock its 18th biggest position. ASR Vermogensbeheer N.V.'s holdings in S&P Global were worth $61,595,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in SPGI. EWA LLC raised its position in S&P Global by 5.0% in the second quarter. EWA LLC now owns 568 shares of the business services provider's stock worth $299,000 after purchasing an additional 27 shares in the last quarter. Naples Global Advisors LLC grew its stake in shares of S&P Global by 24.8% in the 2nd quarter. Naples Global Advisors LLC now owns 1,715 shares of the business services provider's stock valued at $904,000 after purchasing an additional 341 shares during the period. Pure Financial Advisors LLC acquired a new position in shares of S&P Global in the 2nd quarter worth approximately $231,000. Consolidated Planning Corp lifted its position in shares of S&P Global by 3.1% during the 2nd quarter. Consolidated Planning Corp now owns 9,920 shares of the business services provider's stock worth $5,231,000 after buying an additional 297 shares during the period. Finally, Community Financial Services Group LLC bought a new position in shares of S&P Global during the 2nd quarter worth approximately $350,000. Institutional investors own 87.17% of the company's stock.

Analysts Set New Price Targets

A number of analysts have weighed in on SPGI shares. UBS Group upped their price target on S&P Global from $575.00 to $620.00 and gave the company a "buy" rating in a research report on Tuesday, July 8th. Citigroup upped their target price on shares of S&P Global from $600.00 to $635.00 and gave the stock a "buy" rating in a report on Monday, September 15th. Oppenheimer lifted their price target on shares of S&P Global from $567.00 to $592.00 and gave the company an "outperform" rating in a report on Wednesday, July 2nd. JPMorgan Chase & Co. upped their price objective on shares of S&P Global from $575.00 to $625.00 and gave the stock an "overweight" rating in a research note on Monday, July 21st. Finally, BMO Capital Markets lifted their target price on shares of S&P Global from $604.00 to $621.00 and gave the company an "outperform" rating in a research note on Friday, August 1st. One research analyst has rated the stock with a Strong Buy rating and thirteen have assigned a Buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus price target of $614.46.

S&P Global Stock Performance

Shares of S&P Global stock opened at $481.84 on Thursday. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.98 and a quick ratio of 0.98. The firm has a 50 day simple moving average of $537.56 and a 200 day simple moving average of $515.09. S&P Global Inc. has a fifty-two week low of $427.14 and a fifty-two week high of $579.05. The firm has a market cap of $147.11 billion, a P/E ratio of 37.06, a P/E/G ratio of 2.61 and a beta of 1.19.

S&P Global (NYSE:SPGI - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The business services provider reported $4.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.18 by $0.25. The firm had revenue of $3.76 billion for the quarter, compared to the consensus estimate of $3.65 billion. S&P Global had a return on equity of 15.11% and a net margin of 27.30%.The business's revenue for the quarter was up 5.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $4.04 EPS. S&P Global has set its FY 2025 guidance at 17.000-17.250 EPS. Sell-side analysts predict that S&P Global Inc. will post 17.11 earnings per share for the current fiscal year.

S&P Global Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 10th. Investors of record on Tuesday, November 25th will be given a $0.96 dividend. This represents a $3.84 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date is Tuesday, November 25th. S&P Global's dividend payout ratio (DPR) is presently 29.54%.

About S&P Global

S&P Global, Inc engages in the provision of transparent and independent ratings, benchmarks, analytics, and data to the capital and commodity markets worldwide. It operates through the following segments: Market Intelligence, Ratings, Commodity Insights, Mobility, Indices, and Engineering Solutions.

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